Map of Property

1658 Colby Ave

For Sale

1658 Colby Ave, Los Angeles, CA 90025

This Los Angeles property for sale is located at 1658 Colby Ave. The current listed sale price for 1658 Colby Ave is $2,500,000. 1658 Colby Ave is situated on a lot that is 5,500 square feet in size.

Contacts

broker
Eric Sackler

Coldwell Banker Realty

broker
Susan Lau

Coldwell Banker Realty

Property Details

  • Property Type Multi-Family
  • Property Size 5,464 SF
  • Units 7
  • Lot Size 5,500 SF
  • # of Floors 2
  • Parking Spaces Avail. 7
  • Year Built 1967
  • Date Updated Jun 24, 2025
1658 Colby Ave presents a rare opportunity to acquire a well-maintained 7-unit multifamily asset in the heart of West Los Angeles. The property features a DESIRABLE UNIT MIX: one 3-bedroom + 2.5-bath unit, four 1-bedroom + 1-bath units, one studio unit, and one bachelor unit. The required SEISMIC RETROFITTING has been COMPLETED, and a brand-new ELECTRICAL UPDATE was completed in 2025. Plumbing is MOSTLY COPPER, and some units have been updated. Priced at $2,500,000, the property offers investors stable cash flow with significant VALUE-ADD potential over 42% RENTAL UPSIDE. It is being offered at a current GRM of 14.07, with a proforma GRM of 9.92 and a proforma CAP rate EXCEEDING 7%, highlighting the strong income growth achievable through rent adjustments as units turn. Additional features include 7 on-site parking spaces and owned on-site laundry. Located in prime West Los Angeles, just steps from the vibrant Sawtelle Japantown, the property boasts an excellent Walk Score, offering tenants convenient access to renowned dining, shopping, and entertainment a highly desirable location that supports strong rental demand. Full OM available. Do not enter property and do not disturb Tenants!
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Highlights

  • Age: 41-50 Years Old
  • Appliances: Dryer
  • Appliances: Refrigerator
  • Appliances: Washer
  • Current GRM of 13.94, proforma GRM of 9.92, and proforma CAP rate exceeding 7%! Prime West LA location near Sawtelle Japantown with excellent Walk Score — highly attractive to tenants. Well-maintained 7-unit building with desirable unit mix: 1× 3BR+2.5BA, 4× 1BR+1BA, 1 studio, 1 bachelor. Seism...
  • Lot Size: Under 1/2 Acre

Getting around

  • 92/100

    Walk Score ®

  • 62/100

    Transit Score ®

  • 82/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Los Angeles, CA
  • Neighborhood Sawtelle
  • Zip Code 90025
  • Market Los Angeles

Points of Interest

  • Westwood/Rancho Park

    1.61 miles

  • Upper Tram Station

    2.74 miles

  • Palms

    2.88 miles

  • Lower Tram Station

    3.33 miles

  • Farmer's Market

    5.60 miles

  • Farmdale

    6.19 miles

  • Martin Luther King Jr.

    7.05 miles

  • Westchester/Veterans

    7.17 miles

  • Zone 23

    7.31 miles

  • Zone 22

    7.31 miles

  • Shell

    0.13 miles

  • FLO

    0.17 miles

  • SK

    0.24 miles

  • Mobil

    0.50 miles

  • West L.A. Customer Service Center

    0.60 miles

  • 76

    0.60 miles

  • United Oil

    0.74 miles

  • Chevron

    0.78 miles

  • Sinclair

    0.81 miles

  • eVgo

    0.91 miles

  • Equinox Fitness

    0.50 miles

  • Lot 10

    0.86 miles

  • Lot 35

    0.88 miles

  • Lot 9

    0.91 miles

  • Lot 16

    0.93 miles

  • Lot 36

    0.95 miles

  • Lot 18

    1.03 miles

  • Parking 36

    1.07 miles

  • Lot 20

    1.09 miles

  • Westside Collector Car Storage

    5.00 miles

  • Hotel Brooks

    0.27 miles

  • West End Hotel

    0.29 miles

  • Holiday Inn Express

    0.29 miles

  • Wilshire Motel

    0.86 miles

  • Royal Santa Monica Motel

    1.03 miles

  • Days Inn

    1.20 miles

  • Best Western Royal Palace Inn & Suites

    1.22 miles

  • Plaza la Reina

    1.23 miles

  • Royal Palace Westwood

    1.26 miles

  • Claremont Hotel

    1.27 miles

  • Target

    0.43 miles

  • Ralphs

    0.62 miles

  • Nijiya Market

    0.65 miles

  • Trader Joe's

    0.71 miles

  • Marshalls

    0.74 miles

  • Gelson's

    0.79 miles

  • Smart & Final

    0.80 miles

  • Ross

    0.81 miles

  • Sprouts Farmers Market

    0.89 miles

  • Bristol Farms

    0.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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